Interpark "Investment Corporation Interpark Songin Books Rehabilitation Proceedings Initiated"
[Asia Economy Reporter Minji Lee] Interpark announced on the 29th that its investee company, Interpark Songin Books, received a decision to commence rehabilitation proceedings from the Seoul Bankruptcy Court on the 26th. The investment amount is 8,969.12 million KRW, accounting for 6% of the equity capital.
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The company stated, "Following the decision to commence rehabilitation proceedings, the rehabilitation process will proceed," and explained, "Most of the investment in Interpark Songin Books has been recognized as impairment loss, and the remaining book value is about 360 million KRW, which currently does not have a significant impact on the consolidated financial statements."
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